Posts Tagged ‘power’

Presley calling for investigation of electric power associations

JACKSON — Northern District Public Service Commissioner Brandon Presley wants the utility regulator to investigate whether some electric power associations are holding money they should refund to their member-owners. Presley, a Democrat, said yesterday that he plans to ask the Public Service Commission at its meeting today to launch a formal inquiry. Michael Callahan, CEO […] [...]

Kemper County power plant costs rise another $30M

KEMPER COUNTY — Southern Co. says it will cost at least another $30 million to finish the power plant it’s building in eastern Mississippi’s Kemper County, pushing the total cost to nearly $5.6 billion. The Atlanta-based parent of Mississippi Power Co. said the additional money will pay for material and labor during the plant’s startup […] [...]

TVA retiring coal-fired power plant; to build gas-burning facility

MEMPHIS, Tenn. — The Tennessee Valley Authority board of directors today approved replacing the Allen Fossil Plant in Memphis, Tennessee, with a natural gas plant. Following an environmental review that received comments from more than 1,500 people, the board agreed to retire the 55-year-old coal plant and replace it with a 2-on-1, combined-cycle gas plant. […] [...]

Kemper power plant goes online burning natural gas

KEMPER COUNTY — Mississippi Power Co. says a key part of its $5.5 billion Kemper County power plant is operational. The unit of Atlanta-based Southern Co. announced yesterday that it has put three power generating turbines into commercial operation burning natural gas piped to the east Mississippi plant. It comes even as Mississippi Power completes […] [...]

TVA cutting 2,000-plus jobs in massive cost-saving effort

CHATTANOOGA, Tenn. — The nation’s largest public utility is eliminating more than 2,000 jobs as part of a $500 million cost-cutting campaign. The Chattanooga Times Free Press reports the Tennessee Valley Authority is making the cuts this year to pare expenses and make electric rates in the Tennessee Valley more competitive with neighboring utilities. Most […] [...]

PSC delays Kemper power plant hearing; Blanton files motion

JACKSON  — The Mississippi Public Service Commission today delayed hearings on whether Mississippi Power Co. has spent prudently in building the $5.5 billion Kemper County power plant. Prudency hearings are a key step in the company collecting from its 186,000 ratepayers to pay for the plant, even though rates have already risen 18 percent. The […] [...]

Mississippi Power, Sierra Club reach settlement in Kemper plant case

KEMPER COUNTY — Mississippi Power will convert from coal to natural gas or retire several units at plants in south Mississippi and Greene County, Alabama, as part of an agreement to end litigation over construction of a coal-fired power plant in Kemper County. The company and the Sierra Club announced yesterday that they are ending […] [...]

Entergy expects increase in as-reported, operational earnings

NEW ORLEANS — Entergy Corporation expects second quarter 2014 as-reported earnings of approximately $1.04 per share and operational earnings of approximately $1.10 per share. Results for second quarter 2013 were $0.92 per share on an as-reported basis and $1.01 per share on an operational basis. The increase in earnings reflected top line growth, particularly at […] [...]

Lab ranks TVA in top 10 in green power revenue

NORTH MISSISSIPPI — The Tennessee Valley Authority is one of the top 10 utilities for green power sales. The U.S. Department of Energy’s National Renewable Energy Laboratory ranked TVA at number nine nationally for 2013. In addition, the city of Oak Ridge was designated the U.S. Environmental Protection Agency’s first Green Power Community in the […] [...]

TVA launches initiative to study small power-producing sites

NORTH MISSISSIPPI — The Tennessee Valley Authority is studying the value of electricity produced from small, dispersed sites, such as solar, wind or small gas turbine installations. According to a news release from the utility, the initiative will develop methods to set the value of distributed generation to the electric grid and the value of […] [...]

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